Be
Virulently Successful
As you probably know by now,
the big talk on the Internet this week is about "Melissa" (see
http://www.melissavirus.com/).
No, it's not an adult-oriented web site or some new software game but a virus
(see http://www.cert.org). And
the devious way that it works is that after opening the infected email
attachment, it sends a virus-infected email to the first 50 people in your
address book automatically.
While we're bombarded with
anti-virus warnings telling us to never open an attachment from someone we don't
know, how can we resist doing so when the email comes from someone we actually
do know (since the virus uses personal address books to multiply itself)? In
fact, Melissa uses Microsoft Outlook's mail merge command to actually
incorporate the recipient's name within the body of the message, making the
seemingly personalized -- and unsuspectingly harmful -- email to be instantly
trusted. Because of this vulnerability, Melissa is reported to be the
fastest-spreading virus to ever appear on the cyberscene.
>Nevertheless and
interestingly enough, we can certainly learn the way Melissa (and viruses in
general) work and act -- and, in the same way, apply that process and strategy
to online marketing. Also known as "viral" marketing, the concept is
generally to proliferate the knowledge of your existence on the web through
other people's efforts. Be it "word-of-eye," referrals, affiliates,
joint ventures, and so on, it all comes down to that fundamental business
process we call "networking." And according to Jill Griffin's
wonderful book "Customer Loyalty: How to Earn it, How to Keep it," we
are more open, trusting, and loyal when doing business with (or being marketed
by) people we know.
Make Your Net Work
Online, networking is
probably more important since cyberspace is dimensionless and expansive. It
grants you the ability to reach corners untapped; areas that would have been
unreachable otherwise. However, there's a caveat: There's a lot of hype lately
about the benefits of networking, but I personally don't advocate traditional
networking (the "I'm open for business" kind) because, in my
experience, it hasn't brought me anything substantial in return.
While it can be a fantastic
marketing tool, the way in which networking is conducted is often the reason why
it does not produce any favorable results. When you're only networking, more
often than not people will want something in return or else they will lose
interest if you don't take the time to recognize their efforts. And if you
don't, you will paradoxically need to network even more, which defeats the
purpose.
A way to consistently reward
your network is to turn your networking efforts into networking systems (in
other words, developing strategic marketing alliances). If you and your alliance
share a similar target market, you can effectively cross-promote or share
markets with each other. And while there are as many different forms of
systematized networking out there as there are businesses, one of them that is
quite effective is what I call "info-networking."
An info-network is one in
which information is exchanged in some form or another between parties. That
information includes qualified leads that you can both share or information
about each other that is promoted to each other's market or client base. As long
as your alliance logically shares a same target market with you but without
directly competing with your business, it can become a potentially rewarding
relationship. This includes, for example, swapping ad space in e-zines, posting
reciprocal links, co-advertising, submitting articles for publication,
participating in discussion lists, etc.
But info-networking goes
further. It also refers to mailing lists where you can swap each other's
prospect or client lists -- particularly offline or "opt-in" lists.
For example, many web sites and e-zine publishers have opt-in lists that range
from 100 to 100,000 subscribers. Many cross-market their lists, such as offering
"solo" ads or offers from other subscribers -- but of course, at a
cost. However, if you publish your own e-zine or maintain your own opt-in lists,
the obvious advantage is that you can swap "solo" ad space with each
other.
Joint Ventures, Co-Ops,
And Exclusive Offers
However, there's another
form of networking that may be more effective, particularly for those of you who
do not share your lists. I call it "auto-networking." This system goes
beyond simply submitting your site to search engines, swapping your ad with
others, or placing your offer on "free-for-all" links directories --
all with the hope that they will produce something in return. It means a process
through which you are constantly and systematically exchanging leads with your
strategic alliance. On the Internet, this technique is one in which a
systematized method of cross-promotion between you and your alliance through a
unique, joint marketing effort is created.
For example, this includes
an exchange and coupling of complementary coupons or special offers that are
exclusively marketed to the each other's clientele. Another is the process of
amalgamating products, services, offers, or information that complement each
other's portfolio. If your ally sells a product online, they can add to that
particular purchase additional bonuses from your web site or business, which may
include your special offer or one of your products that complements theirs.
You can even create an
entirely new and distinct product, service, or information package from both
companies and sold simultaneously from both sites. Here's an example: You sell
cookware online. You can easily team up with a publisher specializing in
cookbooks and throw a book in the mix. While you raise the price and split the
profits with the publisher, you naturally and instantly raise the perceived
value of the cookware through a co-branded or combined package of non-competing
products or services. Best of all, you share in each other's traffic, market,
lead-base, and referral-sources (i.e., network).
Here's another example: If
you're a software programmer and you have created a program that, say, targets
businesspeople, don't just give it away as shareware. Offer it to other sites
that target businesspeople as well. While your program may not relate to your
alliance's product, they both appeal to a same market and together make the
offer more irresistible. In addition to the fact that your program makes your
alliance look good or their offer more palatable, if your shareware is
copyright-free you get your software to multiply itself -- especially within a
market of much higher quality by virtue of the nature of your alliance's
business.
Ultimately, you can create
affiliations, alliances, referral-sources, and centers-of-influence that will
help to propagate your online presence and, like a virus, multiply your online
marketing punch.
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Originally published in IMC's Internet Marketing Chronicles.
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